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Investments in financial products are subject to market risk. Some financial products, such as currency exchange, are highly speculative and any investment should only be done with risk capital. Prices rise and fall and past performance is no assurance of future performance. This website is an information site only.

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Analysis of Gold for November 16, 2018

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Recently, Gold has been trading upwards. The price tested the level of $1,217.89. Anyway, according to the H1 time – frame, I found a potential bearish flag pattern in creation, which is a sign that buying looks risky. A pace of delcine is slow and my advice is to watch for a potential breakout of the bearish flag to confirm further downward continuation. The downward targets are set at the price of $1,207.50 and at the price of $1,197.80.

The material has been provided by InstaForex Company - www.instaforex.com